This blog post is for my notes, you can find more details on Microsoft link.
There are some extra steps in the Microsoft link, which I never used. I usually follow only these steps and it works for me. So Instead I need to search on Microsoft link. I wrote this post for my future use.
Step 1: You have to restore production database to UAT and then from uat to export it to Asset library
Step 2: Download Backpac file in specific location
Step 3: Open Command prompt with run as administrator for locally hosted VM and go to following location